Vote on the Selection of the Second Blockchain for Elevex Creators Dashboard Integration

Description:

We are currently integrating Arbitrum as our initial blockchain option for the Elevex Creators Dashboard. This proposal seeks to determine which blockchain should be selected as our second integration to enhance our platform's versatility and scalability.

Context: Elevex enables real estate developers to tokenize their projects, including legal contracts, business documents, and all associated metadata, via smart contracts. Investors then transact using USDT, USDC, or ETH on the blockchain selected for the project. Once a real estate project is tokenized and minted, and investors purchase the tokens, they will receive project tokens on the selected blockchain.

Objective: The goal of this proposal is to vote on the selection of a second blockchain to integrate with our Creators Dashboard. This will provide our users with more options for tokenization and potentially improve transaction efficiency and flexibility.

Details:

• Tokenization: Real estate developers will be able to tokenize their projects on the selected blockchain.

• Investor Transactions: Investors will use USDT, USDC, or ETH to purchase project tokens on the chosen blockchain.

• Token Management: After minting and purchasing, investors will receive project tokens on the selected chain.

• Chain-Specific Operations: To claim incomes, sell tokens, or create liquidity pools, investors will need to use the selected blockchain's native gas fee token. This ensures compatibility with the blockchain's infrastructure and optimizes transaction efficiency.

Proposed Blockchains:

• Ethereum: Known for its broad adoption and extensive DeFi ecosystem.

• Polygon: Offers lower transaction fees and high scalability.

• Binance Smart Chain (BSC): Provides fast and cost-effective transactions with significant market presence.

• Optimism: Known for its optimistic rollup technology and lower fees.

• Solana: Offers high throughput and low transaction fees with a growing ecosystem.

• Avalanche (AVAX): Provides high-speed transactions and interoperability with various DeFi platforms.

Voting Options:

• Ethereum
• Polygon
• Binance Smart Chain (BSC)
• Optimism
• Solana
• Avalanche (AVAX)

Considerations:

• Transaction Costs: Evaluate which blockchain provides the most cost-effective transaction fees for tokenizing real estate projects.

• Scalability: Consider the blockchain's ability to handle high volumes of transactions efficiently.

• Ecosystem Integration: Assess the blockchain's compatibility with existing DeFi protocols and services.

• Developer and Community Support: Look at the strength of the blockchain’s developer community and support resources.

Outcome: The selected blockchain will be integrated into the Elevex Creators Dashboard as an additional option for tokenization, expanding our platform's capabilities and offering more flexibility to our users. The integration will also require investors to use the blockchain’s native gas fee token for various operations.

Call to Action: Please cast your vote for the blockchain you believe will best serve our needs as the second integration for Elevex. Your input is crucial in shaping the future of our platform and ensuring it meets the diverse needs of our real estate developers and investors.

Voting Period: 5th - 30th September 2024